Famous Dave’s same-store sales keep falling

Famous Dave’s same-store sales keep falling

Company violated covenants in its credit agreement

Famous Dave’s of America Inc. said on Monday that it defaulted on two requirements in its credit agreement, just months after it renegotiated that deal following a previous violation.

The default came in a first quarter ended April 3 that saw the barbecue chain continue to struggle with plunging sales.

Same-store sales fell 7.7 percent in the first quarter, on top of a decrease of 5.9 percent in the same quarter a year ago. The decline led to steep declines in restau

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